Mobile Payments

As the quest to consolidate wallet contents in to the mobile phone continues, we still look to Japan as the technological innovator. Next month trials will begin to test the use of mobile phones for subway fare payment. No worries about dialing up the right screen or sending off a text message, the entire transaction will be handled by a small chip manufactured by Sony. Just wave the phone at the turnstile and go. Widespread launch is expected by the beginning of next year.